QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $91.85 and traded as high as $104.38. QCR shares last traded at $103.87, with a volume of 67,742 shares trading hands.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of QCR in a report on Monday, July 6th. DA Davidson increased their target price on shares of QCR from $97.00 to $105.00 and gave the stock a "neutral" rating in a research note on Monday, July 27th. Piper Sandler reaffirmed an "overweight" rating and issued a $123.00 price objective (up from $107.00) on shares of QCR in a report on Monday, July 27th. Raymond James Financial restated an "outperform" rating and set a $99.00 target price on shares of QCR in a research report on Monday, April 27th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of QCR from $105.00 to $108.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $108.75.
Check Out Our Latest Analysis on QCRH
QCR Trading Down 0.5%
The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 0.96. The business has a fifty day moving average price of $97.45 and a 200 day moving average price of $91.85. The company has a market capitalization of $1.71 billion, a PE ratio of 12.28 and a beta of 0.74.
QCR (NASDAQ:QCRH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.28. The company had revenue of $97.34 million for the quarter, compared to analysts' expectations of $104.10 million. QCR had a return on equity of 13.00% and a net margin of 22.86%. Analysts expect that QCR Holdings, Inc. will post 8.5 EPS for the current fiscal year.
QCR Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Thursday, June 18th were issued a $0.10 dividend. The ex-dividend date was Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. QCR's payout ratio is currently 4.73%.
Insiders Place Their Bets
In other QCR news, CEO Laura L. Ekizian sold 750 shares of the company's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $94.96, for a total value of $71,220.00. Following the transaction, the chief executive officer directly owned 6,093 shares of the company's stock, valued at $578,591.28. This represents a 10.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.20% of the stock is currently owned by insiders.
Hedge Funds Weigh In On QCR
Several institutional investors have recently made changes to their positions in QCRH. Assetmark Inc. bought a new position in QCR in the 4th quarter worth about $37,000. Farther Finance Advisors LLC grew its position in QCR by 34.6% in the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank's stock valued at $48,000 after buying an additional 148 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in QCR during the 4th quarter valued at about $61,000. Blue Trust Inc. bought a new position in QCR during the 1st quarter valued at $71,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of QCR during the 3rd quarter valued at $72,000. 70.01% of the stock is owned by institutional investors.
About QCR
(
Get Free Report)
QCR Holdings, Inc, headquartered in Moline, Illinois, is a bank holding company that delivers community banking services through its wholly owned subsidiary, QCR Bank. The company focuses on serving individuals, small to medium-sized businesses and municipal clients in select Midwestern markets.
QCR Bank offers a broad array of deposit and lending products, including personal and business checking and savings accounts, commercial real estate loans, equipment financing, mortgage lending and treasury management solutions.
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